Monthly Income
Scheme (MIS): MIS account can be opened by any Indian as a single or
joint account with another person. A onetime deposit can be upto Rs. 4.5 lakh in a
single name account and can be upto Rs. 9 lakh deposit in a joint account. At the end of five
years, the accumulated interest along with the deposit is paid.
Withdrawal is not allowed before the maturity period. An account holder
receives a passbook for holding his account in the post office.

Recurring Deposit
(RD):For a period of five years,
an equal amount of money is deposited every month in a RD account. For
example, Rs.10 and above. The total amount deposited with accumulated
interest is paid on maturity. An account holder gets a passbook for his
account.

National Savings
Certificate (NSC):A person can
buy NSC for an amount of Rs. 100 and above. Maximum limit on investment
is not fixed and its term lasts for 5 years. Also, a new NSC has been
introduced with a maturity of ten years. The total amount deposited with
an accumulated interest is paid on maturity.This is subject to an overall limit of
Rs. 1 lakh and is eligible for tax benefit.

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